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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: aka_Jimbo who wrote (81393)	4/13/2013 1:11:40 AM
From: Winfastorlose	Read Replies (1) \| Respond to of 207540

Interesting comments on the gold takedown here: kingworldnews.com here: kingworldnews.com and here: kingworldnews.com

To: aka_Jimbo who wrote (81393)	4/13/2013 8:54:40 AM
From: Fintas	1 Recommendation Respond to of 207540

I have no idea of your cost basis re Gold. However, I've a LONG TERM of GOLD of 3000. To get there Gold has to will go past 1944/2430/2912. Near term I'd agree with Chiefs number of 1450 and maybe a tad lower i.e 1412. Regardless, do nada or SIZE in. The upside reward is greater than downside risk. IMHO Fintas

To: aka_Jimbo who wrote (81393)	4/13/2013 1:01:16 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 207540

I actually bought some GLD in the after hours market early last evening, the GLD market was trading much lower again so I decided to buy some down there at 143.12 while it closed at 143.95 during normal trading hours... just a small amount and i'll probably add if it drops another hefty amount... the main reason i did decide to buy there is that the daily volume for GLD is typically below 10 million shares, but yesterday it traded well over 55 million shares, that has the markings of a capitulation sell off... I don't know what it will do on Monday, but I believe on the close of trading on Tuesday, GLD will be trading much higher than where it closed yesterday, if only for a dead cat bounce... The last few times GLD had such high daily volume it rallied and held above that closing price for 5 to 7 weeks before moving lower again... I think the next rally might be a great place to reinstate a short position... take a look at the places I marked in yellow highlight... GZ